RE:TOU - I think ARX would be a great fit. Does anyone else find this funny. Now Arx is good enough for TOU to pick up.
Mike will probably avoid ARX until those terrible hedges roll off. Wasn't Attachie a pet project, a huge waste of money.
Food for thought. My thoughts are, your meds kicked in and we have another change in your logic. ROF
MyHoneyPot wrote:
ARX has a large number of Midstream Assets that TOU could quickly be monetized and reduce the purchase price.
Kakwa has about 1.1 Billion of gas processing capacity, 3x100% owned gas plants running at 46% utilization, that could be ramped up. Kakwa is currently producing 180,000 boe/day.
Attachie is a great project for the future, and TOU has many assets in this area.
I think TOU could do a 3 for 1 ARC shares for one TOU share, just over 200 million shares, i think it fits well with TOU ( Gas, Condensate, Liquids )
Making it the Largest Gas, Condensate and NGL producer in Canada and a big step up in terms of production
FOOD FOR THOUGHT
IMHO